News List

WASHINGTON, D.C. –  Congressman Blaine Luetkemeyer (MO-03), Ranking Member of the Subcommittee on Consumer Credit and Financial Institutions, delivered the following opening statement at a hearing on short-term, small-dollar lending: Thank you Mr. Chairman. Over the years, I’ve heard countless stories from my constituents who… Read more »

The top Republican on the House Financial Services Committee today accused Democrats of playing politics by using their investigative powers to subpoena nine big banks as part of probes into President Donald Trump and Russians' illicit use of the financial system. In a letter to Financial Services Chairwoman Maxine Waters (D-Calif.), Rep. Patrick McHenry (R-N.C.) said he was concerned… Read more »

On Wednesday, for the first time in 10 years, the CEOs of America’s largest banks will appear before Congress to testify at the Financial Services Committee. The last time these banks were assembled before the committee, Chairman Barney Frank, D-Mass., sat atop the dais and the economy had just suffered its biggest shock since the Great Depression. Our financial services industry and… Read more »

WASHINGTON – Today, the House Financial Services Committee received testimony from seven Global Significantly Important Bank (GSIB) CEOs, including: Citigroup, JP Morgan Chase & Co., Morgan Stanley, Bank of America, State Street Corporation, Bank of New York Mellon, and Goldman Sachs. Republican leader of the Committee, Patrick McHenry (NC-10), delivered opening remarks stating his… Read more »

The CEOs of America's largest banks will testify on Capitol Hill this morning about how the industry has transformed in the 10 years following the financial crisis. Rep. Patrick McHenry (R-N.C.), ranking member of the House Financial Services Committee , joins "Squawk Box" ahead of the hearing. Dodd Frank required banks to be bigger, says Rep. Patrick McHenry from CNBC. Read more »

CNBC's Wilfred Frost talks with Rep. Patrick McHenry (R-N.C.), the ranking republican on the House Financial Services Committee, about the outcome of the big bank CEOs testifying on Capitol Hill. Takeaway from banking hearing was banks are giving consumers a lot of choice: McHenry from CNBC. Read more »

Representative Patrick McHenry, a North Carolina Republican, discusses the testimony from major U.S. bank chiefs to the House Financial Services Committee with Bloomberg's Kevin Cirilli. (Source: Bloomberg) Read more »

WASHINGTON - Today, the House Financial Services Committee held its annual hearing to receive testimony from the U.S. Department of Treasury Secretary, Steven Mnuchin, on the state of the International Financial System.  The Committee's Republican leader, Patrick McHenry (NC-10) delivered the following opening remarks: "Welcome Secretary Mnuchin, welcome back to the… Read more »

Congressman Patrick McHenry (R, NC-10), the Republican Leader of the House Financial Services Committee, introduced H.R. 2007, the IRS Data Verification Modernization Act of 2019. This bipartisan bill will require the Internal Revenue Service (IRS) to automate the Income Verification Express Services process by creating an Application Programming Interface (API). This will allow small… Read more »

WASHINGTON – Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement after the confirmation of Mark Calabria to be Director of the Federal Housing Finance Agency (FHFA): “Mark Calabria has a long history as a thoughtful leader in the housing finance reform conversation. This, coupled with his knowledge of our nation’s… Read more »